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BEIJING, Oct. 20 (Xinhua) - China's State Council, or the Cabinet, unveiled a set of guidelines Wednesday, aiming at helping reconstruction work in landslide-hit Zhouqu County in Gansu Province.The guidelines affect taxation, finance, education and employment policies in the region which was devastated by the massive mudslide on Aug. 8.The document clarified that funds for the reconstruction would come primarily from central government subsidies.It said that priority would be given to rebuild damaged residential houses, public services, infrastructure and prevent the spreading of diseases.It specified tax reduction measures for enterprises and individuals who had organized and collected donations, and encouraged banks and financial institutions to increase loans to the mudslide-hit areas.Land required for housing, infrastructure and reconstructing public facilities will be allocated by the local government, according to the document.Local governments or universities have also been directed to financially assist Zhouqu-born college students, while high-school students in the landslide-affected areas have been exempted from paying tuition fees, the document said.A massive mudslide triggered by rainstorms slammed Zhouqu county in northwest China's Gansu Province on Aug. 8, leaving 1,472 dead, 294 missing and more than 15,000 people homeless.

BEIJING, Oct. 18 (Xinhua) -- There will be unrelenting efforts to crack down on activities such as illegal financing and pyramid selling by insurance agents, the China Insurance Regulatory Commission (CIRC) said Monday.The CIRC issued the statement on its website after two cases came to the attention of the insurance regulatory bureaus in Liaoning and Zhejiang provinces.In Liaoning, He Feng, head of the Chende Insurance Agent Company, was detained for collecting capital at high interest rates. In Zhejiang, the license of the Hangzhou Minfeng Insurance Agent Company Limited was canceled for luring policyholders by exaggerating prospective earnings.The CIRC reminded the public not to be misled by similar claims and encouraged them to report illegal activities to reduce their losses.

ROME, Oct. 7 (Xinhua) -- China and Italy enjoy a good foundation for cooperation and China would like to expand that to other areas such as trade and investment, environment and culture, Chinese Premier Wen Jiabao said here Thursday. During a meeting with Italian Prime Minister Silvio Berlusconi on the second day of his two-day visit, Wen applauded the fruitful bilateral cooperation the two countries have enjoyed since establishing diplomatic ties 40 years ago.Wen said China expects to conduct high-level exchanges with Italy and at all levels, promote political mutual trust and expand cooperation.The premier proposed that the two countries should make efforts to promote trade, enhance intellectual property rights protection, work hard to settle trade disputes, and oppose protectionism. Chinese Premier Wen Jiabao (L) and his Italian counterpart Silvio Berlusconi attend a symposium with Chinese and Italian entrepreneurs in Rome, Italy, Oct. 7, 2010.China and Italy could work to build for China a set of complete mechanisms of environmental risk assessment and emergency response and set up an environment technology promotion center, Wen said.He said the two nations should advance their cooperation in technological innovations based on mutual benefit.That, Wen said, would include bringing high-tech industries to the joint technology parks, building technology transfer centers in China, and exploring the possibility of establishing a industrial design center.The premier also suggested the two sides coordinate for a better use of Italy's credit loans so as to bring more Italian investment China's way.

CHENGDU, Oct. 22 (Xinhua) -- Chinese Vice Premier Wang Qishan said Friday the nations of the world can rely on "wisdom and courage" to overcome the difficulties of the fragile global economic recovery.Wang made the remarks at the opening ceremony of the 11th Western China International Fair and 3rd western China forum on international cooperation in the southwestern city of Chengdu, Sichuan Province.The nations of the world should boost cooperation, said Wang."China has just mapped out its economic and social development blueprint for the next five years," said Wang, who insisted China's development benefits not only Chinese people but also brings opportunities to the wider world.He said China will resolutely stick to the path of opening-up and reform.The Chinese government has pledged to enhance the development of China's western regions.He urged western regions to open wider to the outside world and expand border trade.

WASHINGTON, Oct. 7 (Xinhua) -- China's growth is a very important force in the global recovery, World Bank Group President Robert B. Zoellick told reporters here on Thursday in response to a Xinhua question.Zoellick made the remarks during a press briefing ahead of the Bank's annual meeting this weekend.Asked what China can contribute to the world development, the president, who just concluded a week-long China tour last month, said China's growth itself is important contribution to the world. World Bank President Robert B. Zoellick hosts a press briefing ahead of the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington D.C., capital of the United States, Oct. 7, 2010.China's economy is projected to grow 10.5 percent in 2010 and 9. 6 percent in 2011, driven by domestic demand, according to the biannual World Economic Outlook (WEO) released by the International Monetary Fund (IMF) on Wednesday."China's strong and sustained growth over the past several years has served as a linchpin for global trade, benefiting exporters of commodities and capital goods," said the report.The World Bank chief stressed the importance of new multi-polar economy requiring multi-polar knowledge, with rising economies contributing new experiences to the world.Recovery is happening, but not quick enough to bring enough jobs, and the economic downturn is still hurting people's jobs and lives, said Zoellick."We need a more balanced and sustainable growth," he added.Zoellick also warned of a potential resurgence of protectionism in the post-crisis period. He stressed that protectionism is not a way out, and it may only risk the repetition of mistakes of the 1930s.

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